Practice | AccountingWEB


I have a new client, first year self employment 2014/15. They have made a loss of £5,000.

Receipt Bank sent me an unsolicited KitKat, this raises some interesting questions about sending confectionery with marketing material:


A client took out a HP agreement to purchase an item of plant around 3 years ago at the net cost of £126k this attracting a VAT charge of £25.2k.


I am trying to post the Corporation Tax at year end in QBOL. There dosen't seem to be a default account for this in the COA and I can set up a Current Liability account.

I am considering piloting a Live Chat feature on my website.  I am concerned that it may take up a lot of my time and prove to be a constant distraction.


As my client (the active director) wants to get this wrapped up, would it be ethical for me to become a director and so he has the majority of directors to allow a strike off?


I gave a new client an Excel spreadsheet template and explained that he should record all the bank transactions and the closing balance should agree to the bank statement.


This is an unusual related party transaction in my experience.


Micro entity just started payroll. Director earning 875 p/m. Accounting software Xero did no deductions and neither did Basic PAYE tools.


The changing professional landscape means many small accounting firms will at some point in the near look to alter their service offering.